Eye Care - Zimbabwe

Zimbabwe

Highlights

Revenue in the Eye Care market amounts to US$231.70k in 2024. The market is expected to grow annually by 1.14% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$1bn in 2024).
In relation to total population figures, per person revenues of US$0.01 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Eye Care market in Zimbabwe is experiencing significant growth and development.

Customer preferences: Customers in Zimbabwe are increasingly prioritizing their eye health and seeking professional eye care services. This can be attributed to a growing awareness about the importance of regular eye examinations and the impact of eye conditions on overall health. Additionally, there is a rising demand for corrective eyewear such as glasses and contact lenses, as people recognize the need for vision correction.

Trends in the market: One of the key trends in the Eye Care market in Zimbabwe is the increasing availability and accessibility of eye care services. Optometrists and ophthalmologists are expanding their practices and opening new clinics in urban as well as rural areas, making it easier for people to access professional eye care services. This trend is driven by a combination of factors, including the growing demand for eye care services, advancements in technology, and government initiatives to improve healthcare infrastructure. Another trend in the market is the growing popularity of online eyewear retailers. With the increasing penetration of internet and smartphones in Zimbabwe, more people are opting to purchase eyewear online. Online retailers offer a wide range of eyewear options at competitive prices, making it convenient for customers to find the right eyewear without having to visit physical stores. This trend is also fueled by the COVID-19 pandemic, as people prefer to shop online to minimize physical contact.

Local special circumstances: Zimbabwe has a high prevalence of eye conditions such as cataracts and refractive errors, which require timely diagnosis and treatment. This has created a strong demand for eye care services in the country. Additionally, the aging population in Zimbabwe is also contributing to the growth of the Eye Care market, as older individuals are more likely to experience age-related eye conditions.

Underlying macroeconomic factors: The Eye Care market in Zimbabwe is influenced by various macroeconomic factors. Economic growth and increasing disposable incomes have played a significant role in driving the demand for eye care services and eyewear products. As people have more money to spend, they are willing to invest in their eye health and purchase high-quality eyewear. Furthermore, government policies and regulations related to healthcare and the importation of medical equipment also impact the Eye Care market. Efforts to improve healthcare infrastructure and increase access to eye care services have been instrumental in the growth of the market. Additionally, policies that promote local production of eyewear products can further boost the market by creating employment opportunities and reducing dependence on imports. In conclusion, the Eye Care market in Zimbabwe is experiencing growth and development due to increasing customer preferences for professional eye care services, the availability of online eyewear retailers, a high prevalence of eye conditions, and favorable macroeconomic factors. The market is expected to continue expanding as awareness about eye health increases and the government continues to invest in healthcare infrastructure.

Data coverage:

Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.